gj 8h &1d
Attached Image (click to enlarge)
Attached Image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #214,482
- Feb 5, 2010 4:03am Feb 5, 2010 4:03am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Are you always this sensitive?
We are all wrong sometimes, get over it. This board will always bite you if you take it too seriously.
- #214,483
- Feb 5, 2010 4:14am Feb 5, 2010 4:14am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #214,484
- Feb 5, 2010 4:17am Feb 5, 2010 4:17am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #214,485
- Feb 5, 2010 4:19am Feb 5, 2010 4:19am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
139.2 won't be easy to break, but price wasn't rejected at this level nearly as strongly as it was back in September.
If we do break through, I agree with support becoming resistance this area and 137.4 as a reasonable first downside target.
Upside, we may test the Daily TL (143 area), and as an extreme overshoot the broken weekly ltl (144 area) as resistance. If we were to clear those hurdles, 147 could be back on radar, but that's a pretty ambitious target at this point.
- #214,487
- Feb 5, 2010 4:33am Feb 5, 2010 4:33am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
Quote: Quecee:
DT excellent charts. . .
Short-term I see cable dipping back to 1.60 possibly testing 1.59/1.5850 tops. . .
That being said cable will frustrate many this year as it's been in a nice range for almost a year and I expect that to continue this year. . .
Take a look at your monthly chart - you can see that we have not had a weekly/monthly close above 1.6730 over the past 8-9 months and we have not had a weekly and monthly close below 1.5850. . . The weekly chart is showing us signs that we may be a bit OS but wait for the daily chart to show it hands. . . meaning a test of 1.60/1.59 then I may start scaling in from there dn to 1.57
Well that's your range and will be for the rest of the year. . .
So looking at the daily chart we can see that we will test support yet once again - last support at 1.57 before a break out. . . could be a good buying opportunity once the daily macd shows us signs of exhaustion
vise versa for shorts - 1.67-1.68 area maybe gd for shorts but that's a long way off. .
Quote: Direct-trade:
Your views mirror my thoughts, except I was looking for a fakeout to 15625 area to trap Shorts, or maybe even a complete drop out of the range altogether due to a possible price vacuum under 157/156. I was rather hoping you would say a fall to 153
I'll get in touch again once we approach 158/159 area and compare charts/thoughts if you don't mind.
All the best bro, have a great weekend.http://cdn.forexfactory.com/images/s...m/thumbsup.gif...
http://www.forexfactory.com/showpost...postcount=3635
Hi Quecee,
Hope you are well bro.
Well here we are. We talked about the above senario whilst at 16120 on Cable a couple of weeks ago. (charts in above post link). Now we dipped to 15654 this morning GMT.
I am Long G/J 140.20 with an ultimate target of 150, but will assess as we go, prob look for 1st partial TP above 144 area.
Also Long Cable 15840, 15690, 1st Target 16000 retest.
If you are around I would appreciate your views.
All the best
DT
DT excellent charts. . .
Short-term I see cable dipping back to 1.60 possibly testing 1.59/1.5850 tops. . .
That being said cable will frustrate many this year as it's been in a nice range for almost a year and I expect that to continue this year. . .
Take a look at your monthly chart - you can see that we have not had a weekly/monthly close above 1.6730 over the past 8-9 months and we have not had a weekly and monthly close below 1.5850. . . The weekly chart is showing us signs that we may be a bit OS but wait for the daily chart to show it hands. . . meaning a test of 1.60/1.59 then I may start scaling in from there dn to 1.57
Well that's your range and will be for the rest of the year. . .
So looking at the daily chart we can see that we will test support yet once again - last support at 1.57 before a break out. . . could be a good buying opportunity once the daily macd shows us signs of exhaustion
vise versa for shorts - 1.67-1.68 area maybe gd for shorts but that's a long way off. .
Quote: Direct-trade:
Your views mirror my thoughts, except I was looking for a fakeout to 15625 area to trap Shorts, or maybe even a complete drop out of the range altogether due to a possible price vacuum under 157/156. I was rather hoping you would say a fall to 153
I'll get in touch again once we approach 158/159 area and compare charts/thoughts if you don't mind.
All the best bro, have a great weekend.http://cdn.forexfactory.com/images/s...m/thumbsup.gif...
http://www.forexfactory.com/showpost...postcount=3635
Hi Quecee,
Hope you are well bro.
Well here we are. We talked about the above senario whilst at 16120 on Cable a couple of weeks ago. (charts in above post link). Now we dipped to 15654 this morning GMT.
I am Long G/J 140.20 with an ultimate target of 150, but will assess as we go, prob look for 1st partial TP above 144 area.
Also Long Cable 15840, 15690, 1st Target 16000 retest.
If you are around I would appreciate your views.
All the best
DT
- #214,488
- Feb 5, 2010 4:33am Feb 5, 2010 4:33am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
how can i be so serious in this threat? its a time killing for me.. im not long biased,nor short..im on the sideline until ....... dont know yet.. we are in a range of 135 and 155... it will later be more clear of the range im talking about,but so far it loos like a clear downtrend to most of us and expecting a "kaboom"
time will tell...
dont care what the market is upto for 2day,busy cleaning a 7mm remingtom MAGNUM,the mother of all rifles!!
- #214,490
- Feb 5, 2010 4:36am Feb 5, 2010 4:36am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
how can i be so serious in this threat? its a time killing for me.. im not long biased,nor short..im on the sideline until ....... dont know yet.. we are in a range of 135 and 155... it will later be more clear of the range im talking about,but so far it loos like a clear downtrend to most of us and expecting a "kaboom"
time will tell...
dont care what the market is upto for 2day,busy cleaning a 7mm remingtom MAGNUM,the mother of all rifles!!
MY OPINION NOT FINANCIAL ADVISE
- #214,491
- Feb 5, 2010 4:37am Feb 5, 2010 4:37am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
how can i be so serious in this threat? its a time killing for me.. im not long biased,nor short..im on the sideline until ....... dont know yet.. we are in a range of 135 and 155... it will later be more clear of the range im talking about,but so far it loos like a clear downtrend to most of us and expecting a "kaboom"
time will tell...
dont care what the market is upto for 2day,busy cleaning a 7mm remingtom MAGNUM,the mother of all rifles!!
..SL=139..just want to flash out my extra 55 pips after great in gold since last 2 week from sell limit 1150 n 1092 area TP=1070 
....next is... 
- #214,498
- Feb 5, 2010 6:03am Feb 5, 2010 6:03am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
